TradeTech Group, the financial division of Playtech, has announced two key executive appointments this Tuesday. The first of these moves is Christian Frahm who has been appointed as a Non-Executive Director of TradeTech’s Board.
Frahm is the founder of CFH Group which is the holding company of CFH Clearing, a Prime Brokerage and subsidiary of TradeTech. Succeeding him as Chief Executive Officer (CEO) of CFH Group is Marc Levin, the former Chief Commercial Officer (CCO) of CFH Clearing .
The appointment of Frahm to the Board of TradeTech Group will become effective on January 31, 2019. On the same day, Levin will commence his new position as CEO.
CFH Group was bought by Playtech in 2016
Back in 2008, Frahm founded CFH Group, which has since become a big player for providing liquidity and technology, serving more than 600 brokers in 83 countries. In 2016, Frahm sold the business to Playtech, which saw CFH Group become apart of the TradeTech Group.
Commenting on his new role, Frahm said: “I am extremely proud of the company we have built over the past ten years and feel very lucky that so many talented people have chosen to help us deliver value to our clients during that defining period."
“The partnership with Playtech two years ago has really helped us to accelerate and improve our offering, during that period we have seen extremely pleasing growth, significantly increasing client funds, volume and income. It now feels like the right time for me to take on a more strategic role as a Non-Executive Director of the Group and I look forward to capitalising on the huge potential that lies ahead.”
In addition to his role as Non-Executive Director of TradeTech’s Board, Frahm will continue as the Chairman of CFH Group and CFH Clearing. In his stead, Levin will be responsible for the day to day running of the company as the CEO.
Levin has been with CFH Group since 2011, originally joining as the Institutional Relationship Manager. According to the statement released today, due to his understanding of client requirements, he was appointed to CCO in 2017.
Christian Frahm brings a wealth of experience to TradeTech Board
Ron Hoffman, the CEO of Playtech's Financial Division
“We are delighted to welcome Christian to the Board. We recognise the huge success he has achieved since founding CFH Group and look forward to having his expertise and unparalleled insight in our Board discussions. Marc’s proven track record as CCO means we are extremely confident in his ability to run the business and we look forward to working with him closely,” added Ron Hoffman, TradeTech Group CEO.
Levin stated that he is both excited and honored to take on the role of CEO, adding that he looks forward to continuing to work with his colleagues to continue to develop and deliver products to CFH partners and clients.
In the wake of changes of TradeTech Group, the company has highlighted that Matt Maloney remains as the CEO of CFH Clearing.
